Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 08:11, February 14, 2006
US stocks dragged down by Google
font size    

U.S. stocks edged down Monday after a plummet in Google, as investors were waiting for Ben Bernanke's first testimony before Congress on economic growth and inflation.

Bernanke, the new Federal Reserve Chairman, will give a testimony in Congress for his perspective on economic growth and inflation on Wednesday.

The Nasdaq shares slid after a plummet in Google Inc, whose price dropped by more than 4 percent to 345.70 dollars. The Barron 's article said Google's stock price could be cut in half this year amid mounting competition from Microsoft Inc. and Yahoo Inc., which respectively fell 30 cents to 26.39 dollars and 47 cents to 32.04 dollars.

Home Depot, the world's biggest fix-it-yourself retailer, is in talks to take a 49 percent stake in Chinese chain Orient Home for 200 million dollars, the Financial Times reported Monday. An official at the Orient Group was quoted in the report as saying " the two parties are still discussing all kinds of possibilities for the deal." Home Depot added 48 cents to 39.70 dollars.

World crude oil prices fell for the fourth day in a session on Monday to their lowest levels this year on better supplies. New York's main contract, light sweet crude for delivery in March, lost 60 cents to 61.24 dollars per barrel.

The Dow Jones industrial average declined 26.73, or 0.24 percent, to 10,892.32. The Standard & Poor's 500 index lost 4.13, or 0.33 percent, to 1,262.86. The Nasdaq dropping 22.07, or 0.98 percent, to 2,239.81.

Declining issues outpaced advancers by about 5 to 3 on the New York Stock Exchange, where the volume of 1.37 billion shares lagged the 1.71 billion shares changing hands at the same point Friday.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
- Good days ahead for Google

- Google's market capitalization exceeds IBM's

- Google's stock price surged up to 400 USD


Manufacturers, Exporters, Wholesalers - Global trade starts here.
Copyright by People's Daily Online, all rights reserved